Basically, they dont want you narrowing those ridiculous spreads, MM's want to be able to rob retail orders blind and they cant do it without 50 C spreads on $1 options.
why can't you have buy and sell orders simultaneously on a particular option.
- Thread starter zdreg
- Start date
Robert Morse
Sponsor
Basically, if you want to make two sides markets, they want you to be SEC registered and regulated by the exchanges so that you have quoting requirements and responsibilities.
Or, you can do this as a professional customer with higher fees.
Don't see what the diff is between being on one side or two, from the viewpoint of any single trader.
Why do they care if you bid/offer, other than not wanting spread narrowing?
forget about the boilerplate fees, sec, other nonsense. what's the logic?
Why do they care if you bid/offer, other than not wanting spread narrowing?
forget about the boilerplate fees, sec, other nonsense. what's the logic?
Simple, China and Russia executed their prisoners.
Speaking of "SEC registered", has the SEC approved the hookup with Wedbush? Or do you only need approval from FINRA?
Robert Morse
Sponsor
We are waiting for approval from regulators. They are not telling me which ones. Technically, we are merging with Lime brokerage, not Wedbush. Lime in owned by Wedbush. Our customers will not see much change in the short run. Why do you ask?
Robert Morse
Sponsor
We are planing on April 31, 2018 for the completion of the merger. We have sent letters to all clients.
"The new company will be called Morse-Wedbush and will be run entirely by Robert Morse"
Robert Morse
Sponsor
I'm done with my own BD, happy to be part of the team and not the owner.